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Modernist work gets record price

May 22, 2008|From Bloomberg News

A kaleidoscopic 1915 Marsden Hartley painting, seized during World War II and cloistered for 54 years in a German museum, sold for a record $6.3 million Wednesday at Christie's International in New York.

Hartley's colorful "Lighthouse" was the most expensive American Modernist artwork ever sold at auction. It eked past Georgia O'Keeffe's "Calla Lillies With Red Anemone," which sold for $6.2 million at Christie's in 2001.

The sale price, $700,000 below the top estimate, also set a record for the artist. Hartley's previous auction record was $2.8 million for "Painting No. 6," sold at Sotheby's in 2002. The price includes a commission.

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